Thursday, April 21, 2016

Paul Krugman on the Sander's campaign

Paul Krugman on the Sander's campaign:

"... What you see, on this as on multiple issues, is the casual adoption, with no visible effort to check the premises, of a story line that sounds good. It’s all about the big banks; single-payer is there for the taking if only we want it; government spending will yield huge payoffs — not the more modest payoffs conventional Keynesian analysis suggests; Republican support will vanish if we take on corporate media.

In each case the story runs into big trouble if you do a bit of homework; if not completely wrong, it needs a lot of qualification ..."

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